WorldOil First oil Another mixed outlook awaits the EandP sector Eagle Ford/Austin Chalk Shales: High returns fail to stave off summer retreat The caliche roads cutting through the blackbrush and mesquite of the South Texas brush country are a bit less congested of late, as Eagle Ford drilling and completion activity dips in what is ranked among the most profitable of the unconventional plays. Oil majors reluctant to place bets on aging North Sea, as output descends Since the 1960s, the North Sea has remained a highly sought-after region for oil and gas EandP. Pemex under pressure with AMLO ruling Mexico’s economy The surprise departure of Mexico’s finance minister has the state oil company’s watchers biting their nails. Bombed oil tanker near Persian Gulf now shipping fuel to Iran An oil tanker damaged in a bombing that was blamed on Iran is back in business. The ship’s first destination: Iran. EIA: Fossil fuels continue to dominate U.S. energy consumption Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century. Overall energy consumption in the United States reached a record high in 2018 at 101 quadrillion British thermal units (Btu), of which more than 81 quadrillion Btu were from fossil fuels. Shale fight makes OPEC accept lowest market share since 1991 For almost three decades, OPEC has always pumped at least 30% of the world’s crude oil, creating an informal floor for Saudi Arabia and its allies in the cartel. Why oil's outlook could be even bleaker than expected As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. Putin to meet with Saudi Prince just days before OPEC+ gathers Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss extending oil-output cuts. Creating the right jobs will ensure Vision 2035 succeeds Interview with Deirdre Michie, Chief Executive, OGUK